R

Value of 1995 South African Rand today

R100 in 1995
R433.55 in 2022

The inflation rate in South Africa between 1995 and today has been 333.55%, which translates into a total increase of R333.55. This means that 100 rand in 1995 are equivalent to 433.55 rand in 2022. In other words, the purchasing power of R100 in 1995 equals R433.55 today. The average annual inflation rate between these periods has been 5.58%.

Inflation timeline in South Africa (1995 - 2022)

The following chart depicts the equivalence of R100 due to compound inflation and CPI changes. All values are equivalent in terms of purchasing power, which means that for each year the same goods or services could be bought with the indicated amount of money.

All calculations are performed in the local currency (ZAR) and using 6 decimal digits. Results show only up to 2 decimal digits to favour readability. Inflation data is provided by governments and international institutions on a monthly basis. Today's values were extrapolated from the latest 12-month rolling average official data.

The following table contains relevant indicators:

Indicator Value
Cumulative inflation 1995-2021 295.51%
Cumulative inflation 1995-today 333.55%
Avg. Annual inflation 1995-2021 5.43%
CPI 1995 33.3
CPI 2021 131.71
CPI 2022-08 (latest official data) 143.54
CPI today 144.38

How to calculate today's value of money after inflation?

There are several ways to calculate the time value of money. Depending on the data available, results can be obtained by using the Consumer Price Index (CPI) formula or the compound interest formula.

Using the CPI formula

When we have both the start and end years, we can use the following formula:

Valuet =Value0 ×
CPIt/CPI0

To obtain the values equivalent in buying power between 1995 and 2021, use the corresponding CPI values:

Value2021
=Value1995 ×
CPI2021/CPI1995
=R 100 ×
131.71/33.3
R395.51

To obtain the equivalent value today (present value), plug in the CPI for today, which is estimated as 144.38:

Valuetoday
=Value1995 ×
CPItoday/CPI1995
=R 100 ×
144.38/33.3
R433.55

Alternative: Using the compound interest formula

Given that money changes with time as a result of an inflation rate that acts as compound interest, we can use the following formula: FV = PV × (1 + i)n, where:

  • FV: Future Value
  • PV: Present Value
  • i: Interest rate (inflation)
  • n: Number of times the interest is compounded (i.e. # of years)

In this case, the future value represents the final amount obtained after applying the inflation rate to our initial value. In other words, it indicates how much are R100 worth today. There are 26 years between 1995 and 2021 and the average inflation rate was 5.4308%. Therefore, we can resolve the formula like this:

Value2021
=PV × (1 + i)n
=R100 × (1 + 0.054308)26
R395.51

South Africa inflation - Conversion table

Initial Value Equivalent value
R1 rand in 1995 R3.96 rand in 2021
R5 rand in 1995 R19.78 rand in 2021
R10 rand in 1995 R39.55 rand in 2021
R50 rand in 1995 R197.76 rand in 2021
R100 rand in 1995 R395.51 rand in 2021
R500 rand in 1995 R1,977.55 rand in 2021
R1,000 rand in 1995 R3,955.1 rand in 2021
R5,000 rand in 1995 R19,775.52 rand in 2021
R10,000 rand in 1995 R39,551.04 rand in 2021
R50,000 rand in 1995 R197,755.21 rand in 2021
R100,000 rand in 1995 R395,510.41 rand in 2021
R500,000 rand in 1995 R1,977,552.07 rand in 2021
R1,000,000 rand in 1995 R3,955,104.15 rand in 2021
Cumulative inflation From 1995 333.55%
Avg. annual inflation From 1995 5.58%
CPI 1995 33.3
CPI today 144.38

Value of Rand over time (by year)

Period Value
1995 100
1996 107.35
1997 116.58
1998 124.61
1999 131.06
2000 138.06
2001 145.93
2002 159.79
2003 168.86
2004 167.69
2005 171.15
2006 176.71
2007 187.62
2008 206.52
2009 221.43
2010 230.48
2011 242
2012 255.86
2013 270.66
2014 287.25
2015 300.29
2016 320.02
2017 336.61
2018 351.82
2019 366.32
2020 378.07
2021 395.51
2022-08 431.02
Today 433.55

All available years

Today's value of south african rand by year:

1958 | 1959 | 1960 | 1961 | 1962 | 1963 | 1964 | 1965 | 1966 | 1967 | 1968 | 1969 | 1970 | 1971 | 1972 | 1973 | 1974 | 1975 | 1976 | 1977 | 1978 | 1979 | 1980 | 1981 | 1982 | 1983 | 1984 | 1985 | 1986 | 1987 | 1988 | 1989 | 1990 | 1991 | 1992 | 1993 | 1994 | 1995 | 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |

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